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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 2 8 2 1 1 L July 20, 1944 J SUBSCRIPTION BOOKS TO CLOSE JULY 22, 1944 ON EXCHANGE OFFERING OF % Percent Treasury Certificates of Indebtedness of Series E-1945 Dated August 1, 1944 Due August 1, 1945 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: In accordance with instructions received today from the Treasury Department, the subscription books for the current exchange offering of % percent Treasury Certificates of Indebtedness of Series E-1945, open to the holders of Treasury Certificates of Indebtedness of Series D-1944, maturing August 1,1944, will close at the close of business Saturday, July 22, 1944. Subscriptions addressed to a Federal Reserve Bank or Branch and placed in the mail before 12 o'clock midnight, Saturday, July 22, 1944, will be considered as having been entered before the close of the subscription books. ALLAN SPROUL, President.